E KOCREF CR REIT (088260) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of E KOCREF CR REIT stock KRW 1,866, price KRW 2,945, that is 36.7% below the price, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 2,825 KRW – 5,077 KRW · fair‑value band 1,399 KRW – 2,332 KRW · the 2,945 KRW price screens above the 1,866 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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E Kocref Cr-Reit engages in the acquisition, development, management, and leasing of real estate properties. The company has elected to be taxed as a real estate investment trust.
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As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was founded in 2005 and is based in Seoul, South Korea. E Kocref Cr-Reit is a subsidiary of ELAND RETAIL.Ltd.
Stock analysis
E KOCREF CR REIT (088260) currently trades at 2,945 KRW, while our model-based Fair Value estimate is 1,866 KRW, 37% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 3,237 KRW per share, and 1 of the 6 models we run sit above the 2,945 KRW price.
Bear case: the Dividend Discount group reads lowest at 1,657 KRW, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: 1,399 KRW (bear) to 2,332 KRW (bull), the price of 2,945 KRW sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
E KOCREF CR REIT reported revenue of 23.2B KRW in FY2025 versus 21.3B KRW in FY2021, a compound +2.1%/yr. Reported net income was 7.0B KRW in FY2025, compounding −6.5%/yr from FY2021.
Key figures
Market cap 187B KRW (≈ $138M) Micro · P/E ratio 13.8 · P/S ratio 4.00 · EPS (TTM) 213.18 KRW · Dividend yield 11.7% · Net margin 28.9% · Return on equity 6.3% · Return on assets (EBIT) 2.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −7% fair-value upside, at −37%, 088260 screens richer than that median.
Fair Value models
Bear1,399 KRWFair Value 1,866 KRWBull2,332 KRW
Price 2,945 KRW · Downside -36.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+1.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.8%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.2%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+10.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.8%
Dividend (yield on the price)11.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−0.8% vs 7.6%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.77% → 78%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+43.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about +40.4% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Diversified · 138 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−36.7% · Below median
Profitability
Return on equity (12 months)6.3% · Above median
Return on assets1.0% · Below median
Net margin (12 months)28.9% · Below median
Operating margin (12 months)77.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)0.0% · Below median
Dividend yield (12 months)11.7% · Top 25%
Balance sheet
Debt / equity1.99× · Highest 25%
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
P/E (12 months)13.8× · Pricier than median
P/B0.87× · Pricier than median
P/S (12 months)4.00× · Cheaper than median
Price / free cash flow (fiscal year)15.2× · Pricier than median
EV/EBITDA13.1× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 24
FUTURE (revenue growth)0· sector 16
PAST (return on equity)25· sector 21
HEALTH (low debt)1· sector 77
DIVIDEND (yield)100· sector 100
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is E KOCREF CR REIT (088260) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 1,866 KRW versus a price of 2,945 KRW, about 37% lower (overvalued).
What is the fair value of 088260?
Our model-based fair value for E KOCREF CR REIT is 1,866 KRW (as of Nov 7, 2026), built from audited fundamentals. The current price: 2,945 KRW.
What is the quality score of 088260?
E KOCREF CR REIT has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for E KOCREF CR REIT (088260)?
Our model-based price target is the fair value of 1,866 KRW (as of Nov 7, 2026) from 9 valuation models. Cautious scenario 1,399 KRW, optimistic scenario 2,332 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the E KOCREF CR REIT stock forecast for 2026?
Our models put fair value at 1,866 KRW, about 37% lower versus a price of 2,945 KRW (overvalued). Cautious scenario 1,399 KRW, optimistic scenario 2,332 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of E KOCREF CR REIT (088260)?
E KOCREF CR REIT reported trailing-twelve-month revenue of about 46.7B KRW (latest available figure, as of Nov 7, 2026).
Does E KOCREF CR REIT pay a dividend?
E KOCREF CR REIT currently shows a dividend yield of 11.75% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of E KOCREF CR REIT (088260) and when is the ex-dividend date?
E KOCREF CR REIT pays a dividend of 346.00 KRW per share a year, a dividend yield of 11.7%. The last ex-dividend date was Jun 29, 2026. A dividend has been paid every year since at least 2018. The payout ratio is 162% of earnings. Free cash flow covers the dividend 0.56 times. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What growth is priced into E KOCREF CR REIT (088260)?
For today's price to be fair in a discounted-cash-flow model, E KOCREF CR REIT would have to grow free cash flow by +43.3 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 088260 use?
Our models discount E KOCREF CR REIT at 11.6 %: a base by market capitalisation (micro), damped by beta 0.21, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For E KOCREF CR REIT that is +43.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has E KOCREF CR REIT (088260) delivered so far?
Over the past 5 years revenue at E KOCREF CR REIT grew +1.8 % a year. The price currently implies free-cash-flow growth of +43.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of E KOCREF CR REIT (088260) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into E KOCREF CR REIT (+43.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of E KOCREF CR REIT (088260)?
The free-cash-flow yield on the price is 6.57 %: that much free cash flow E KOCREF CR REIT produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of E KOCREF CR REIT (088260)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For E KOCREF CR REIT it is 1,866 KRW per share (as of Nov 7, 2026), against a price of 2,945 KRW. It is the blended result of 9 valuation models in 5 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is E KOCREF CR REIT stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 088260 trades above its calculated fair value: price 2,945 KRW, fair value 1,866 KRW, a gap of about −37% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 088260?
No. The price is what the market pays today (2,945 KRW); the fair value is what the company's own numbers justify (1,866 KRW). For E KOCREF CR REIT the two are 1,079 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is E KOCREF CR REIT worth?
The market values E KOCREF CR REIT at about 187B KRW (market capitalisation, as of Nov 7, 2026). Per share that is 2,945 KRW; our models calculate a fair value of 1,866 KRW per share.
What do the bullish and bearish scenarios say about 088260?
Our models span a range for E KOCREF CR REIT: cautious scenario 1,399 KRW, base 1,866 KRW, optimistic 2,332 KRW per share (as of Nov 7, 2026, price 2,945 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 088260?
E KOCREF CR REIT trades at a price-to-earnings ratio of 13.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,866 KRW is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 41.7. Other multiples: P/B 0.9, P/S 4.0, EV/EBITDA 13.1.
How solid is the balance sheet of E KOCREF CR REIT (088260)?
Balance-sheet figures for E KOCREF CR REIT (as of Nov 7, 2026): return on equity 6.3%, debt of 1.99 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is 088260 from its 52-week high?
E KOCREF CR REIT trades at 2,945 KRW, about 42% below its 52-week high of 5,077 KRW and 4% above the low of 2,825 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,866 KRW is for.
Which stocks are comparable to E KOCREF CR REIT?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is E KOCREF CR REIT stock attractive at the current price?
The data as of Nov 7, 2026: price 2,945 KRW, calculated fair value 1,866 KRW (−37%), Quality Score 63/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 088260 calculated?
We run E KOCREF CR REIT through 9 models from 5 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 1,866 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. E KOCREF CR REIT itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of E KOCREF CR REIT (088260)?
The closing price on Nov 6, 2026 was 2,945 KRW. Our model-based fair value is 1,866 KRW, about 37% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with E KOCREF CR REIT right now?
The price sits above even our optimistic bull case (2,332 KRW). The favourable scenario is already priced in. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of E KOCREF CR REIT
How large is the market capitalisation of E KOCREF CR REIT (088260)?
The market capitalisation of E KOCREF CR REIT is 187B KRW (≈ $138M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of E KOCREF CR REIT (088260)?
The price-to-sales ratio of E KOCREF CR REIT is 4.00 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of E KOCREF CR REIT (088260)?
Earnings per share at E KOCREF CR REIT are 213.18 KRW (price ÷ EPS = P/E 13.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of E KOCREF CR REIT (088260)?
The dividend yield of E KOCREF CR REIT is 11.7% (payout 162%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of E KOCREF CR REIT (088260)?
The net margin of E KOCREF CR REIT is 28.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of E KOCREF CR REIT (088260)?
The return on equity (ROE) of E KOCREF CR REIT is 6.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of E KOCREF CR REIT (088260)?
On an EBIT basis the return on assets of E KOCREF CR REIT is 2.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of E KOCREF CR REIT (088260)?
The operating margin of E KOCREF CR REIT is 77.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net debt does E KOCREF CR REIT (088260) carry?
The net debt of E KOCREF CR REIT is 406B KRW (fiscal year 2025, ≈ 33.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026